Northvolt considers hitting the stock market
The Swedish battery cell manufacturer Northvolt wants to go public. The intended listing is to take place in 2022 or 2023 and bring the company a valuation of 20 to 30 billion euros.
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Faraday launches on the US stock market
Faraday Future has completed its long-announced IPO. The electric car start-up now announced the listing of its shares on Nasdaq. The IPO was carried out via a merger with SPAC Property Solutions Acquisition.
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SES to hit the stock market via merger with Ivanhoe Capital
The battery developer SES (formerly SolidEnergy Systems), spun off from the Massachusetts Institute of Technology (MIT), has announced its going public on the US stock exchange. For this purpose, the company wants to merge with the stock exchange shell Ivanhoe Capital Acquisition.
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EVgo now listed on Wall Street
The US fast-charging network EVgo is now listed on Wall Street. The IPO was made possible via a merger with the stock market shell Climate Change Crisis Real Impact. EVgo is now trading on the Nasdaq under the symbols “EVGO” and “EVGOW,” respectively.
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Volvo increases stake in Polestar
Volvo Cars announced the acquisition of additional shares in electric car brand Polestar, bringing the car company’s stake back up to 49.5 per cent. Meanwhile, a media report says that Polestar is currently negotiating an IPO.
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Xpeng registers record sales & stock market debut in Hong Kong
Xpeng Motors registered sales of 6,565 electric cars in June, up 617 per cent from June 2020. Furthermore, following its stock market debut in the USA last year, the Chinese electric carmaker is now officially listed on the Hong Kong Stock Exchange.
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SK Innovation considers going public with battery business
SK Innovation has announced its intention to expand its production capacity to over 500 GWh by 2030. As part of its new strategy ‘From Carbon to Green’, the company, which was founded as an oil refinery, wants to invest heavily in the battery business, possibly also with external investors.
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ABB delivers 2,000 wall box chargers to Austrian Post
The industrial group ABB, together with EWW Anlagentechnik, has equipped the Austrian Post with around 2,000 AC wall boxes, which are to be installed at more than 100 locations. ABB, meanwhile, is apparently pushing ahead with preparations for the IPO of its business in charging technology for electric cars and electric buses.
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Panasonic sells Tesla stock for $3.6 billion
The Japanese battery manufacturer Panasonic has sold its stake in Tesla for 3.6 billion dollars (the equivalent of about three billion euros). A good deal, because the company bought 1.4 million Tesla shares for around 30 million dollars more than ten years ago.
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Proterra to hit the stock market
The US American electric bus manufacturer Proterra has announced that its shares of common stock and warrants will begin trading on the Nasdaq Global Select Market today under the new ticker symbols ‘PTRA’ and ‘PTRAW,’ respectively.
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Vertical Aerospace announces 1,000 air taxi orders
The British eVTOL start-up Vertical Aerospace announces pre-orders for a total of 1,000 of its electric aerial taxis. In this context, the company also announces that it is seeking an IPO via SPAC and has received commitments from Microsoft, American Airlines, Avolon, Honeywell and Rolls-Royce.
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Wallbox goes public with Kensington Capital Partners
Spanish charging infrastructure provider Wallbox plans to merge with exchange shell Kensington Capital Partners for the purpose of going public. The joint company, valued at around $1.5 billion, is to be listed on the New York Stock Exchange under the ticker symbol WBX.
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LG Energy Solution moves towards IPO
LG Energy Solution has applied to the Korea Exchange for preliminary approval of an IPO. The company is also taking a stake in the Australian battery materials supplier Queensland Pacific Metals (QPM).
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Volkswagen considers an IPO for their battery division
Volkswagen is considering an IPO for its new battery division. According to Chief Technology Officer Thomas Schmall, this does not involve individual plants but the entire cell business.
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Bird announces new scooter and IPO
Bird has presented its new electric pedal scooter and is planning to go public on the US stock exchange. Both major projects are to be implemented in parallel in the summer.
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Lion Electric selects US factory location, announces IPO
The Canadian electric utility vehicle manufacturer Lion Electric has selected the city of Joliet in the state of Illinois as the location for its production facility in the USA. At the same time, Lion Electric announced its IPO.
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Evergrande valued higher than GM but has sold no cars
Evergrande New Energy Vehicle, the electric car offshoot from the Chinese Evergrande Group, is now worth 87 billion US dollars on the stock market meaning it is valued higher than Ford or GM. The valuation is odd, as the company has yet to sell a single car.
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QuantumScape to open second pilot plant
Solid-state battery specialist QuantumScape plans to issue 13 million new shares. The expected proceeds of $859 million are to be invested in the company’s planned pilot plant and in the joint venture with Volkswagen. In connection with the joint venture, there is also talk of a second pilot plant.
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Proterra delivers batteries to Lightning eMotors
Proterra has won another customer for its batteries. An agreement now signed with US company Lightning eMotors that will see its Lightning Electric Transit electric delivery van fitted with batteries from Proterra.
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Volkswagen’s Tesla moment on the stock market
Volkswagen is experiencing a ‘Tesla moment’ in the stock market after the company presented details of its electric vehicle offensive a few days ago. The German carmakers share value rose so much that Germany’s market watchdog Bafin is taking a closer look.
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Vitesco to hit the stock market in the second half of 2021
The supervisory board of Continental AG has approved the planned spin-off of the powertrain division Vitesco Technologies with a subsequent listing on the stock exchange. In addition, Vitesco has moved into a new regional headquarters in China.
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Lucid Motors announces merger to go public
The electric car start-up Lucid Motors announced its intention to go public via a merger, confirming rumours from January. To this end, Lucid is merging with the listed investment company Churchill Capital IV (CCIV).
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Investors favour Powersports as Taiga goes public
Electric snowmobile and watercraft maker Taiga is going public through a SPAC deal and is raising a whopping 100 million CAD in its wake. The Montréal-based company had vowed to electrify powersports back in 2015 and today joins the growing number of EV makers looking to grow big on the stock exchange.
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United Airlines may add Archer air taxis to their fleet
United Airlines has approached eVTOL startup Archer to buy up to 200 of their air taxis. The agreement sees United lend their air space expertise “to assist Archer with the development of battery-powered, short-haul aircraft.”
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Amazon-backed Rivian looking for EV plant in Europe
The US electric car startup Rivian, supported by Amazon and Ford, is looking for European locations for a new plant. Germany, the United Kingdom and Hungary are among the countries under discussion, sources close to the matter said.
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Hyzon Motors goes public via merger
The US commercial fuel cell vehicle developer Hyzon Motors has announced a merger with the Nasdaq-listed Decarbonization Plus Acquisition Corporation. This merger is also about a quick IPO as has often been apparent in rapidly growing electric mobility companies lately.
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Ree Automotive to hit the stock market
The Israeli eMobility start-up Ree Automotive moves to the US stock exchange Nasdaq through a merger with the investment company, 10X Capital Venture Acquisition Corporation. The SPAC deal is expected to bring Ree about half a billion dollars.
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Norway’s Freyr merges to list on NYSE
Norway’s battery cell start-up Freyr is about to go public on the US stock exchange, again through merging with an already listed investment firm, Alussa Energy Acquisition Corporation (think SPAC).
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Faraday Future finds fusion partner for IPO
Faraday Future has found a partner for its IPO. After merging with investment company Property Solutions Acquisition, the new Faraday Future Inc. is to be traded on Nasdaq under the ticker symbol “FFIE”. The company has also signed a framework agreement with Geely.
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Evergrande shares raise over three billion dollars
Evergrande New Energy Vehicle, the electric car offshoot of the Chinese Evergrande Group, has again raised capital equivalent to around 3.35 billion US dollars by selling further shares to six China-based investors.
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